By Seun Ibiyemi Senator representing Edo North, Adams Oshiomhole, has criticised the Nigerian National Petroleum Company Limited (NNPCL) over the absence of its top officials at a committee hearing of the National Assembly, insisting that the state-owned oil company is not above the country’s democratic institutions. Speaking during the hearing, Oshiomhole said President Bola Tinubu…
By Seun Ibiyemi Investors on the Nigerian Exchange (NGX) lost more than ₦1.3 trillion on Monday as the equities market opened the week on a negative note, extending its bearish run for a second consecutive trading session. The local bourse witnessed intense selloffs that dragged key performance indicators lower by 0.84 per cent, as investors…
Osun State Governor, Senator Ademola Adeleke, has called for economic sanctions and visa restrictions against the Minister of Marine and Blue Economy, Adegboyega Oyetola, Senator Francis Fadahunsi, the All Progressives Congress governorship candidate, Bola Oyebamiji, a member of the House of Representatives, Hon. Wole Oke, and other political figures over their alleged involvement in political…
The rescued principal of Community High School in Oriire Local Government Area of Oyo State, Mrs. Rachael Alamu, has recounted the harrowing ordeal she and other abductees endured in captivity, revealing that their captors executed two teachers in a bid to pressure the government into meeting their demands. Speaking to journalists on Monday at the…
By Seun Ibiyemi The Federal Government has suspended the proposed review of registration fees for the 2027 West African Senior School Certificate Examination (WASSCE) and the National Examinations Council Senior School Certificate Examination (NECO), pending broader consultations with stakeholders. The Federal Ministry of Education announced the suspension in a statement issued on Monday, noting that…
By Seun Ibiyemi Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new dollar-denominated pricing structure for refined petroleum products and effectively ending naira payments for fuel purchases. The revised pricing template, which took effect on Monday, also increased benchmark prices for Automotive Gas Oil…
By Seun Ibiyemi The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, has disclosed that Import Duty Exemption Certificate approvals granted by the Federal Government on selected imports and equipment rose to N34 trillion in 2025, warning that the incentives have significantly constrained the agency’s revenue-generating capacity. Adeniyi made the disclosure on Monday during an…
By Seun Ibiyemi The embattled Director-General of the disowned Presidential Foreign Intervention Promotion Council (PFIPC), Adeniyi Adeyemi, has disclosed that the N400 million he allegedly paid to secure his appointment was borrowed and that his creditors have petitioned the Economic and Financial Crimes Commission (EFCC) to recover the money. Adeyemi made the revelation during an…
By Seun Ibiyemi The Nigerian naira recorded a mixed performance across segments of the foreign exchange market on Monday as traders and investors weighed the impact of improved dollar liquidity against persistent demand pressures and global economic uncertainties. At the Nigerian Foreign Exchange Market (NFEM), the local currency continued to trade within a relatively stable…
By Seun Ibiyemi Nigeria’s crude oil production climbed to its highest level in more than six years in June 2026, as the country exceeded its Organisation of the Petroleum Exporting Countries (OPEC) production quota for the fourth consecutive month amid improved operational stability and fewer disruptions to oil infrastructure. Latest figures released by the Nigerian…
